CRF’s own Krysta Pate has received yet another honor, this time bring recognized by Crain’s as a 2021 Notable Real Estate Executive. This is Krysta’s second honor from the publication: she was a 2018 Crain’s 40 under 40 honoree.
This peer-nominated honor celebrates Michigan’s real estate executives for innovation, impact, and accomplishment. These leaders have made a substantial contribution to their industry and community, including making their industry more equitable and creating opportunity for future leaders.
Krysta joined CRF in 2016 to help design and manage the Detroit Home Mortgage (DHM) program, a collaborative effort between local banks, foundations, Community Development Financial Institutions (CDFIs), the City of Detroit, and community organizations to address financial gaps in appraisals so borrowers could afford to buy, renovate, and live in one of Detroit’s single-family homes.
The Kresge Foundation, a key supporter of the DHM initiative, praised Krysta’s leadership, knowledge, and passion for her work. Aaron Seybert, managing director of the Kresge Foundation, said that “Krysta is the most seasoned and knowledgeable person in the Detroit market regarding the single-family mortgage finance system and how to make that system work for low-income residents. She is a tireless advocate for the residents of Detroit, and her work has been a major contributor to bringing back single-family lending in the city.”
Today, Krysta serves as CRF Vice President of Economic and Social Justice. In this position, Krysta is taking a leading role in launching and overseeing CRF’s Economic and Social Justice (ESJ) department.